Shares in a Canada Pension Plan Investment Board-backed financial technology company have rebounded following a disastrous first week on the Bombay Stock Exchange. In the four days that followed One97 Communication Ltd.’s Nov. 18 debut, its stock price dropped by more than 37 per cent. By Nov. 29, following the release of a third quarter report […]
Small-balance credit—a subset of alternative credit gaining traction in the United States as fintech makes modest consumer and business loans more investable—could be a yield generator for institutional investors. In addition, this type of credit could be a solid diversification tool, says Colin Kilgour, principal at Kilgour Williams Capital in Toronto. His firm runs the […]
ComplyAdvantage, a technology company focused on detecting and preventing financial crime, is closing a US$50 million series C round of funding that was led by the Ontario Teachers’ Pension Plan. The Ontario Teachers’ is investing through its Teachers’ Innovation Platform, which makes late-stage venture and growth equity investments in companies that use disruptive technology. The […]
In the current low-yield environment, many pension funds are looking for alternatives to fixed income to earn the returns required to pay pension obligations. The answer for some may be private credit. “We like private credit because we see a lot of excess yield compared to the same risk and return that you can achieve […]
While technological change is accelerating at a rapid rate, the financial system isn’t keeping pace, says Campbell Harvey, professor of finance at Duke University’s Fuqua School of Business. Traditional systems make it difficult for those trying to raise capital or invest. Yet new technology is coming to market that can resolve many barriers and dramatically […]
Canadian venture capital funding continues to rise for the third year in a row, according a report from MoneyTree Canada Over the course of 469 deals in 2019, Canadian VC-backed companies raised US$4.1 billion, representing a 16 per cent rise in capital raised from 2018, but an 11 per cent drop in deal activity. “Canadian […]
Traditionally, all finance students had to learn statistics, and, in the future, this will likely shift into finance students requiring machine learning, said John Hull, professor of finance and Maple Financial Group Chair in derivatives and risk management at the University of Toronto’s Rotman School of Management. “It’s not that our students are actually going […]
Fintech includes four areas, all of which are changing the financial industry in different ways. These include peer-to-peer financing, robo-advising or systematic asset management, decentralized finance and machine learning and artificial intelligence, said Campbell Harvey, professor of finance at Duke University’s Fuqua School of Business, during a panel at the Northern Finance Association’s conference in […]
“If you torture the data long enough, it will confess.” Opening the keynote address at the Northern Finance Association Conference in September with this quote by Nobel Prize-winning economist Ronald Coase, Campbell Harvey, professor of finance at Duke University, spoke about the challenges of using data empirically. He cited being careful about data selection, delegation, […]
The Ontario Securities Commission has laid out its priorities for 2019-20, which focus on promoting confidence in Ontario’s capital markets and reducing regulatory burden. In terms of confidence building, the commission said it intends to continue consulting on client-focused reforms and on the Canadian Securities Administrators’ policy consultations on mutual fund embedded commissions; improve the […]